Banks should not Deny educational loan citing liabilities of student’s parents : Kerala high Court

The Kerala high Court recently directed the bank of india to disburse the loan applied for by the Pettitoners on the ground that she was a meritorious student and that repayment possibilities of educational loan were not to be assessed on the parent’s financial position.

” If the ability of the parents of the applicant to repay the loan cannot be a consideration for granting an educational loan, according to me, the liability, if any, of the parents shall not be an impediment for the bank in considering an application for educational loan, ” The high court observed in the judgement.

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